Speaking at the inauguration of the Vespa plant, Mr Ravi Chopra CMD of Piaggio Vehicles said the company is considering the launch of three light commercial vehicle models, including the three wheeler passenger vehicle, in the next two years. He added that all three LCVs would be rolled out from the Baramati plant.
Piaggio Vehicles is the wholly owned Indian subsidiary of the Italian Piaggio Group.
The company is developing two new diesel engines 1 litre and 1.2 litres at the new Baramati plant for both the European and the non-European markets.
Company officials had said that they hope to double sales in the next two to three years. Last year, the global sales numbers of Vespa stood at 150,000 units.
Source – Business Line